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28-May-2013 1:07 PM

El Al Israel Airlines losses widen in 1Q2013

El Al Israel Airlines revenue stable – financial highlights for three months ended 31-Mar-2013:

  • Revenue: USD431 million, +0.4% year-on-year;
    • Passenger: +2%;
    • Cargo: -11.5%;
  • Operating cost: USD393.1 million, +1.2%;
    • Fuel: +4.8%;
  • Profit (loss) from regular operations: (USD36.3 million), compared to a loss of USD23.8 million in p-c-p;
  • Net profit (loss): (USD32.5 million), compared to a loss of USD23.3 million in p-c-p;
  • Passenger numbers: 881,000, +1%;
  • Passenger load factor: 81.7%, +0.5 ppt;
  • Market share: 34.7%, -1.9 ppt;
  • Total assets: USD1577 million, +4.5% when compared to period ended 31-Dec-2012;
  • Total liabilities: USD1469 million, +7.0% when compared to period ended 31-Dec-2012. [more - original PR]

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